Mastercard Incorporated (MA) Given Average Recommendation of “Buy” by Brokerages
Mastercard Incorporated (NYSE:MA) has earned a consensus recommendation of “Buy” from the twenty-seven brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, twenty have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $128.20.
MA has been the subject of a number of recent research reports. Deutsche Bank AG reiterated a “buy” rating and issued a $150.00 target price (up previously from $124.00) on shares of Mastercard in a research note on Monday, July 10th. BMO Capital Markets increased their target price on Mastercard from $123.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, May 3rd. Wedbush reiterated an “outperform” rating and issued a $129.00 target price (up previously from $126.00) on shares of Mastercard in a research note on Tuesday, June 6th. Cowen and Company increased their target price on Mastercard from $122.00 to $127.00 and gave the company an “outperform” rating in a research note on Wednesday, May 3rd. Finally, Vetr lowered Mastercard from a “buy” rating to a “hold” rating and set a $116.99 target price for the company. in a research note on Monday, April 17th.
Shares of Mastercard (NYSE MA) traded up 0.37% during trading on Tuesday, hitting $131.58. The stock had a trading volume of 2,155,513 shares. The firm has a market cap of $140.12 billion, a price-to-earnings ratio of 32.65 and a beta of 1.17. Mastercard has a 12-month low of $94.41 and a 12-month high of $132.20. The stock has a 50-day moving average of $126.79 and a 200 day moving average of $117.76.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the firm earned $0.96 earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, analysts predict that Mastercard will post $4.40 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Wednesday, July 5th. Mastercard’s dividend payout ratio (DPR) is 21.78%.
In related news, major shareholder Foundation Mastercard sold 87,618 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $127.98, for a total value of $11,213,351.64. Following the sale, the insider now owns 112,649,063 shares of the company’s stock, valued at approximately $14,416,827,082.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the completion of the sale, the chief financial officer now directly owns 170,570 shares in the company, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. In the last three months, insiders sold 850,468 shares of company stock worth $109,574,694. Company insiders own 0.30% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Gulf International Bank UK Ltd boosted its stake in Mastercard by 2.0% in the first quarter. Gulf International Bank UK Ltd now owns 299,972 shares of the credit services provider’s stock valued at $33,737,000 after buying an additional 5,750 shares in the last quarter. Vontobel Asset Management Inc. boosted its stake in Mastercard by 7.7% in the first quarter. Vontobel Asset Management Inc. now owns 5,258,921 shares of the credit services provider’s stock valued at $606,105,000 after buying an additional 376,369 shares in the last quarter. Newman Dignan & Sheerar Inc. boosted its stake in Mastercard by 14.7% in the first quarter. Newman Dignan & Sheerar Inc. now owns 2,339 shares of the credit services provider’s stock valued at $263,000 after buying an additional 300 shares in the last quarter. National Pension Service boosted its stake in Mastercard by 1.9% in the first quarter. National Pension Service now owns 684,360 shares of the credit services provider’s stock valued at $77,107,000 after buying an additional 13,056 shares in the last quarter. Finally, Pennsylvania Trust Co boosted its stake in Mastercard by 1.6% in the first quarter. Pennsylvania Trust Co now owns 20,733 shares of the credit services provider’s stock valued at $2,332,000 after buying an additional 335 shares in the last quarter. 75.99% of the stock is currently owned by institutional investors and hedge funds.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
Receive News & Ratings for Mastercard Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.